CalAmp Corp. CAMP, a leading provider of wireless products, and PROCON, Inc., a leading location based solution provider, today announced a settlement of patent litigation. PROCON and CalAmp have granted licenses to each other relating to systems that apply Global Positioning Satellite (GPS) technology to track and report the location of vehicles to resolve all matters between the parties. As a result of this cross licensing agreement, CalAmp and PROCON believe their customers will benefit from receiving quality products that incorporate state-of-the-art design and features.
"CalAmp continues to be firmly committed to protecting and enforcing its intellectual property rights and we welcome PROCON as our third licensing partner for our vehicle location and recovery process technology," stated Michael Burdiek, President of CalAmp's Wireless DataCom Division. "We are pleased with this settlement and look forward to working with PROCON on multiple fronts to develop market opportunities for GPS tracking solutions."
"PROCON is investing in the creation of a wide array of intellectual properties and solutions for fleet management, new auto dealers and financial services groups," stated Brian Boling, Chairman of PROCON, Inc. "We are excited to cross-license our patent with CalAmp's patented process technology, thus enabling the customers of both companies to continue to use advanced product and service technology solutions to enhance asset management."
About CalAmp Corp.
CalAmp is a leading provider of wireless communications products that enable anytime/anywhere access to critical information, data and entertainment content. With comprehensive capabilities ranging from product design and development through volume production, CalAmp delivers cost-effective high quality solutions to a broad array of customers and end markets. CalAmp is a supplier of Direct Broadcast Satellite (DBS) outdoor customer premise equipment to the U.S. satellite television market. CalAmp also provides wireless data communication solutions for the telemetry and asset tracking markets, private wireless networks, public safety communications and critical infrastructure and process control applications. For additional information, please visit CalAmp's website at www.calamp.com.
About PROCON Inc.
PROCON Inc. is a leading service provider of GPS tracking solutions, and is one of the fastest growing automotive tracking companies in the USA. PROCON's mission is to provide innovative, low cost GPS tracking solutions to its business customers on a one-stop-shopping basis. PROCON has expertise in integrating products, content, communication networks, map databases, and service technologies. The company specializes in developing strong business relationships with leading companies worldwide enabling it to offer world class safety and location based services to its customers. PROCON's specialized array of GPS products, call center systems, commercial tracking platforms, web tracking platforms, telephony solutions and customer service systems offer a fully integrated solution to its partners. For additional information, please visit PROCON's website at www.proconlbs.com.
Statements in this press release that are not historical in nature are forward-looking statements that involve known and unknown risks and uncertainties. Words such as "may", "will", "expect", "intend", "plan", "believe", "seek", "could", "estimate", "judgment", "targeting", "should", "anticipate", "goal", and variations of these words and similar expressions, are intended to identify forward-looking statements. Actual results could differ materially from those implied by such forward-looking statements. Although CalAmp believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be attained. CalAmp undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Contact Information: CalAmp Corp. Rick Vitelle Chief Financial Officer 805-987-9000 or Financial Relations Board Lasse Glassen General Information 213-486-6546 email@example.com or PROCON, Inc. Tim Welch Chief Operation Officer 865-694-2704